NATIONAL GRID PLC-SP ADR (NGG) Stock Technical Analysis
NYSE:NGG - New York Stock Exchange, Inc. - US6362744095 - ADR - Currency: USD
We assign a technical rating of 5 out of 10 to NGG. NGG has been an average performer in the overall market. We also notice some doubts in the very recent evolution, but in the medium term things are still fine.
The short term is neutral, but the long term trend is still positive. Not much to worry about for now.
NGG is one of the better performing stocks in the Multi-Utilities industry, it outperforms 79% of 25 stocks in the same industry.
NGG is currently trading in the upper part of its 52 week range. The S&P500 Index however is currently trading near a new high, so NGG is lagging the market slightly.
NGG has an average volume of 1097890 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
When comparing the performance of all stocks over the past year, NGG turns out to be only a medium performer in the overall market: it outperformed 59% of all stocks.
In the last month NGG has a been trading in the 70.19 - 74.58 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
Although the technical rating is only medium, NGG does present a nice setup opportunity. Prices have been consolidating lately. There is a support zone below the current price at 72.83, a Stop Loss order could be placed below this zone.
More info and screens
55.44
75.54
We found 3 important support areas.
- A support zone ranging from 70.61 to 70.70. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @62.12 from a horizontal line in the daily time frame.
- Support @56.00 from a horizontal line in the weekly time frame.
When analyzing the resistance we notice 2 important areas.
- A resistance zone ranging from 71.96 to 72.96. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 74.35 to 74.79. This zone is formed by a combination of multiple trend lines in multiple time frames.
The Technical Rating and Setup analysis above combine different indicators and trends in different timeframes. Individual signals from indicators may give more contradictive signals and should always be interpreted in the more global context.
| Indicator | Value | Signal | Comment |
|---|---|---|---|
| ChartMill Long Term Trend Indicator | UP | POSITIVE | The long term trend for NGG is up. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for NGG is neutral. |
| ChartMill Relative Strength | 59.29 | NEUTRAL | NGG is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | MIXED | The current price of NGG is below the rising SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of NGG is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of NGG is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 47.67 | NEUTRAL | The RSI value for NGG is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.11 | NEGATIVE | The MACD value suggests NGG has a negative trend. |
| Stochastics (14,3) | 42.42 | NEUTRAL | The Stochastics value for NGG is a neutral value. |
| Average True Range in percent/ATR (20) | 1.52 | LOW VOLATILITY | The low ATR as a percentage value for NGG suggests low volalility. |
| Average Directional Index/ADX (14) | 12.68 | NEGATIVE | The low ADX value for NGG suggests a weak or negative trend. |
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
71.69
+1.08 (+1.53%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorUtilities
GICS IndustryMulti-Utilities
Performance
% Chg1.53%
1 Week-3.55%
2 Weeks0.94%
1 Month0.9%
3 Month8.74%
6 Month21.2%
12 Month19.38%
2 Year6.4%
3 Year2.99%
5 Year21.28%
10 Year-1.36%
15 Year61.94%
Volatility
ATR(14)1.23
ATR(20)%1.52%
ATR Inc158.99%
Range Today0.59
ADR(20)0.79
ADR(20)%1.1%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS59.29
Mansfield0.07
10 Day High74.58
10 Day Low70.49
20 Day High74.58
20 Day Low70.19
52 Week High74.82
52 Week Low55.82
CS1 End72.83
CR1 Start74.35
Volume & EV
DER(3)-2.14%
DER(5)-1.47%
Volume808.70K
Volume Incr17.58%
Vol(5)1.25M
Vol(50)1.10M